Is The Gold Market Manipulated?

Joseph Deprisco

The motive for the government to restrain the price of gold, especially during these unprecedented times is obvious. It allows them to print more money, pay their bills (read: buy votes), and get reelected. Restraining the gold price is necessary since it has always been the canary in the mine warning the folks of the theft of currency devaluation. As Reagan put it, "Inflation is a tax on the poor." The price of gold normally would shine the light of day onto this nest of roaches, and the game would be up. Thus the motive to restrain it.

RUF

Considering their collective efforts the price has seen a 4 fold rise since this "Bull" began! Where would the price be without the restraint? No doubt history will view 'their' efforts as an exercise in futility as gold in the near term gallops through $2,000/oz with interest rates retesting the 20% range! (the bond holders need protection! Unfortunately they have first nibs. The rest of us will be no less than sacrificial "lambs!")

Gold, silver and 30 year mortgages (not available in the Dominion) will make the body blows less severe!

As the Chinese proverb simply states, "Enjoy yourself, it may be later than you think!"